That brings in rcgldr's point-- we are always making idealizations in physics. When we consider a falling object, we usually treat it as a "test particle", i.e., a particle that does not change its environment but is acted upon by its environment. Basically that requires the mass of the object be a whole lot less than the mass of Earth, and then the answer to your question is "yes." But, if the mass is not that small, or we are doing incredibly precise calculations, then in Newtonian physics we'd have to account for the Earth's acceleration upward due to the gravity of the object, and the free-fall rate relative to Earth must include the Earth's motion. In Einstein's model of gravity, the situation is even more complicated, because both objects contribute to the curvature of spacetime, and the effects are nonlinear-- i.e., you can't just add the two together to get the result. But to worry about that for most falling objects, you would need to be interested in super high accuracy, I couldn't tell if you wanted that level of precision.